Posts by Forbes Washington DC
Chinese copper exports fall from record as local demand rebounds
CHINESE copper exports dropped last month from an all-time high, as domestic buyers took advantage of the metal’s rapid retreat in price. Exports of unwrought copper and products fell 40 per cent from June to 140,940 tonnes, according to customs data on Sunday (Aug 18). Still, that’s nearly double the level of the previous year,…
Read MoreDonald Trump Makes Bizarre Attack on Kamala Harris’ Looks as He Claims to be ‘Better Looking’ Than the Vice-President
Donald Trump claimed at a rally in Pennsylvania that he is “better looking” than his presidential competitor, Kamala Harris. Trump, 78, started reflecting on Harris’ recent appearance on the cover of Time magazine, a photo he had previously compared to one of his wife, Melania, at a rally on Saturday in Wilkes Barre. This time,…
Read MoreAsia currencies hit seven-month high on ‘Goldilocks’ US scenario
ASIAN currencies rallied to the highest in seven months as ebbing US recession concerns, bets on US Federal Reserve rate cuts next month and an improving domestic backdrop lifted sentiment in the region. The Bloomberg Asia Dollar Index gained as much as 0.6 per cent on Monday (Aug 19) to the highest since January. The…
Read MoreBusiest US ports absorb import surge nearing pandemic-era frenzy
THE busiest port complex in the US is churning through import volumes near the highs set during the pandemic despite worries about a cooling economy. The ports of Los Angeles and Long Beach, which account for roughly a third of all US container imports, had their third-strongest month ever in July, just shy of an…
Read MoreEricsson reaches deal to sell US firm to Koch unit
SWEDISH telecom equipment maker Ericsson reached a US$1 billion deal to sell its US call-routing business Iconectiv to a private investment arm of Koch. Ericsson expects to get about 10.6 billion kronor (S$1.3 billion) in cash after taxes, transaction expenses and other liabilities as part of the takeover by Koch Equity Development, the company said…
Read MoreGold holds near record high on US rate cut optimism
GOLD prices held steady on Monday (Aug 19) near a record high scaled in the previous session, as rising expectations of a US interest rate cut next month lifted bullion’s appeal. Spot gold edged 0.2 per cent lower to US$2,501.19 per ounce by 0042 GMT. Prices had surged to an all-time high of US$2,509.65 on…
Read MoreMatthew Perry Death Scandal: Woman Whose Text Proved Crucial in Case Against “Ketamine Queen” Speaks for the First Time
The sister of Cody McLaury, a man who died from an overdose after allegedly purchasing drugs from Jasveen Sangha, known as the “Ketamine Queen,” has spoken publicly for the first time. This comes as Sangha is charged in connection with the death of Friends star Matthew Perry. McLaury, 33, was an aspiring personal trainer in…
Read MoreSingapore stocks open higher on Monday; STI up 1.1%
SINGAPORE stocks started trading in positive territory on Monday (Aug 19), a day after Prime Minister Lawrence Wong gave his first National Day Rally speech. As at 9.01 am, the Straits Times Index (STI) opened 1.1 per cent or 37.16 points higher at 3,352.89. Across the broader market, gainers outnumbered losers 58 to 32 after…
Read MoreMemiontec husband and wife co-founders out on bail amid CAD probe
THE co-founders of water treatment company Memiontec have been released on bail after being interviewed by the Commercial Affairs Department (CAD). The interview was part of the CAD’s investigations into a potential offence under Section 201 of the Securities and Futures Act, which is related to the use of manipulative and deceptive devices, the company…
Read MoreHot stock: Yoma falls 17% after denying criminal proceeds from online scam centres used to fund real estate project
It says the project has not required or received external funding in recent years SHARES of Yoma Strategic fell 16.8 per cent on Monday (Aug 19) morning, after it made clarifications to an article published by news agency The Irrawaddy. The company said there are no investigations by Myanmar authorities involving the group, its directors,…
Read MoreSouth Korean AI chip makers Rebellions and Sapeon agree to merge
SOUTH Korean artificial intelligence (AI) chip makers Rebellions and Sapeon Korea have signed a definitive merger agreement, the privately held companies said on Sunday (Aug 18). They announced merger negotiations in June. The deal is the latest attempt by South Korean companies to challenge global AI chip leaders such as Nvidia. Sapeon’s shareholders include South…
Read MoreThe Bachelor Alum Ben Higgins’ Wife Jessica Clarke Is Pregnant With Their First Baby – E! Online
The Bachelor‘s Ben Higgins is going to be a dad. The Bachelor Nation alum’s wife Jessica Clarke is pregnant with their first baby. The Colorado-based couple announced the news on social media Aug. 18—and also took the opportunity to reveal the sex of their child. “The next chapter of our love story!” Jessica, 29, wrote…
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